SBD/21/Facilities Venues

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  • BENGALS BROWN SAYS TEAM MAY HAVE BEEN GONE IF VOTE FAILED

         Bengals President Mike Brown admitted yesterday if the
    stadium vote failed in Cincinnati he "wouldn't have had any
    choice" and the team would have moved to Cleveland, according to
    today's Akron BEACON JOURNAL.  Brown:  "Our backs were to the
    wall with this thing, and I have a lot of roots in Cleveland."
    Brown still believes an established team will move into Cleveland
    by '99.  Brown: "I would be very surprised if we [the NFL] expand
    to Cleveland.  I know plenty of existing teams that would be
    happy and pleased to move there."  Brown warned yesterday that
    Cincinnati stadium talks could "still fall apart," as new
    stadiums are contingent on a "significant financial contribution"
    from both teams.  While Brown has offered $25-35M, Reds Owner
    Marge Schott has "pledged nothing so far" (Bart Hubbuch, Akron
    BEACON JOURNAL, 3/21)....Cincinnati Mayor Roxanne Qualls, on the
    vote:  "We now have money for two new sports facilities.  We have
    money to invest in what will be the renaissance of our community"
    ("Sports View," CNBC, 3/20).
    

    Print | Tags: Cincinnati Bengals, Cincinnati Reds, Facilities, NFL
  • DEVELOPER EYES SPORT-ENTERTAINMENT COMPLEX IN PHILLY

         Real estate developer Ronald Rubin, who helped broker
    Comcast's purchase of the 76ers, Flyers and two arenas, confirmed
    yesterday he is "laying the groundwork for a huge sports-
    entertainment complex in South Philadelphia that would include a
    new stadium," according to this morning's PHILADELPHIA INQUIRER.
    No deal is imminent, but Rubin's involvement and his ties to the
    Comcast-Spectacor venture make it all the more likely a new
    facility would happen. Rubin said he is not working with either
    team, but sources said his "energies have been directed toward a
    new baseball stadium."  The facility would be surrounded by a
    sports-themed retail and entertainment complex, similar to
    Chelsea Pier in Manhattan.  Rubin said Comcast is "not directly
    involved in talks about a new stadium," and Comcast Chair Ralph
    Roberts said, "We're not interested in building any more
    stadiums" (Sokolove & Rozansky, PHILA. INQURIER, 3/21).
    

    Print | Tags: Comcast-Spectacor, Facilities, Philadelphia 76ers, Philadelphia Flyers
  • MARICOPA COUNTY OK'S AGREEMENTS ON BANK ONE BALLPARK

         The Maricopa County Board of Supervisors voted 4-1 to
    approve three agreements that will "govern the distribution of
    revenues and the management and use of Bank One Ballpark for at
    least the next thirty years," according to Eric Miller of the
    ARIZONA REPUBLIC.  The agreements outline details of "critical
    stadium-use issues ranging from base rent to be paid" by the
    Diamondbacks to operation, maintenance, control and use of the
    stadium when the team is playing games and during the off-season.
    The team's stadium lease will be completed next year (ARIZONA
    REPUBLIC, 3/21).
    

    Print | Tags: Arizona Diamondbacks, Facilities
  • NASHVILLE VOTES TO HEAD TO THE POLLS ON MAY 7 ON OILERS

         The Metro Nashville Election Commission has set a referendum
    for May 7 to determine if voters want to issue bonds to pay for
    the city's $149M share of the Oilers relocation deal.  State and
    local officials have already approved the $292M deal that would
    have the team play in a new stadium in '98.  But Nashville Mayor
    Phil Bredesen has said if the referendum fails, "local efforts to
    attract the Oilers will stop," and the team will have to find a
    new city or return to the Astrodome (HOUSTON CHRONICLE, 3/21).
    

    Print | Tags: Edmonton Oilers, Facilities
  • SEVERAL SIDES TO THIS STORY: BREWERS FINANCING STILL CLOUDED

         A Brewers source said yesterday the team would meet the noon
    Friday deadline set by the local Stadium Board to obtain the
    team's $90M share of a new stadium, according to this morning's
    MILWAUKEE JOURNAL SENTINEL.  But Kenneth Lamke quotes two
    separate sources close to discussions who claim the team does not
    have its "financial packaged nailed down."  One "big problem" for
    the team obtaining a $50M loan from their bank, NationsBank, is
    the fact they want to use a $3.85M annual maintenance payment
    from the stadium board as backing for about $35-40M of the loan.
    A stadium board source noted the $3.85M is not expected to "pay
    back indebtedness," and that it is a variable, and depends on
    actual maintenance cost.  The team source still expects the team
    to secure the $50M loan from NationsBank with guarantees from up
    to 10 local businesses.  The team reportedly has been in
    "marathon meetings" with officials from Miller regarding a large
    sponsorship package including stadium naming rights (MILWAUKEE
    JOURNAL SENTINEL, 3/21).
    

    Print | Tags: Bank of America, Facilities, Milwaukee Brewers
  • STADIUM NOTES

         The FL House tentatively approved a $2M tax break for the
    Heat to help pay for a new arena.  Both the House and Senate are
    expected to give full approval to the tax break today (MIAMI
    HERALD, 3/20)....The relationship between West Palm Beach and the
    Braves has deteriorated to the point the team may look to play
    elsewhere next spring.  The team has one more year on its lease
    before moving to a planned Disney complex (ATLANTA CONSTITUTION,
    3/21)....After considering other sites, the Astros are expected
    to stay in Kissimmee, FL, for the next three springs (HOUSTON
    CHRONICLE, 3/21).
    

    Print | Tags: Atlanta Braves, Facilities, Houston Astros, Miami Heat, Time Warner, Walt Disney
  • TIGERS SEE PENDING LAWSUIT AS ONLY OBSTACLE TO NEW PARK

         Tigers President John McHale said one obstacle still faces
    the prospect a new ballpark for the club -- a lawsuit filed by
    the Tiger Stadium Club concerning a $55M grant from the Michigan
    Strategic Fund that would go toward land acquisition.  McHale
    said once the suit is resolved, "we can get going" (DETROIT NEWS,
    3/21).  Both sides on the stadium issue say they will appeal the
    decision to be released today by local Judge James Giddings on
    the lawsuit, should they lose.  City officials have "said they
    will seek an emergency bypass that would send the case straight
    to the Michigan Supreme Court" (Valarie Basheda, DETROIT NEWS,
    3/21).
    

    Print | Tags: Detroit Tigers, Facilities
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